https://www.taxtmi.com/caselaws?id=58305 The Tribunal upheld the validity of the assessment for the assessment year 1981-82, ruling that the assessment order, passed within the extended period, was valid despite exceeding the 180-day period for obtaining directions. Additionally, the Tribunal affirmed the decision to allow depreciation at 10% for a weighing machine, rejecting the appellant's claim for 15% depreciation due to exposure to corrosive chemicals. The Tribunal found no basis to overturn the CIT (Appeals) ruling on the depreciation allowance. en-us Fri, 07 Sep 1990 00:00:00 +0530 Sat, 18 Dec 2010 13:43:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58305 The Tribunal upheld the validity of the assessment for the assessment year 1981-82, ruling that the assessment order, passed within the extended period, was valid despite exceeding the 180-day period for obtaining directions. Additionally, the Tribunal affirmed the decision to allow depreciation at 10% for a weighing machine, rejecting the appellant's claim for 15% depreciation due to exposure to corrosive chemicals. The Tribunal found no basis to overturn the CIT (Appeals) ruling on the depreciation allowance. Case-Laws Income Tax Fri, 07 Sep 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58305